Loan Workouts, Modifications & Foreclosures

The attorneys at Bergen & Parkinson, LLC have extensive experience in loan workouts, debt restructuring, commercial collections and foreclosures. Our attorneys work to develop a plan on how to restructure debt so that foreclosure can be avoided altogether and is agreeable to both the lender and delinquent borrower. Modifications can include rescheduling a loan over a longer payback period, forbearance agreements, changes in interest rates, adding missed payments to the existing loan, and alternative repayment schedules.